How do you claim R&D Tax Credits? keyboard_arrow_down
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Our tax and technical consultants will help your business get the most out of your R&D Tax Credits claim. Their specialist field experience means we can dig deep into the details and identify qualifying expenditure to maximise your claim.
We’ve been saving UK businesses time and money for over 12 years. We prioritise compliance, giving our clients confidence and peace of mind. Our payment terms are tailored around your business needs.
Use our R&D Tax Credits calculator to discover how much you can claim.
What are the benefits of claiming R&D Tax Credits? keyboard_arrow_down
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The R&D Tax Credit scheme is an important HMRC incentive that rewards companies on innovative projects. You can reinvest this financial benefit in current or upcoming research and development projects, hiring new staff and supporting your overall growth.
After a successful claim, your tax credits are paid directly to you from HMRC, helping your business’ cash flow.
What do R&D Tax Credit specialists do? keyboard_arrow_down
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As R&D Tax Credit specialists, we help organisations identify and document their eligible research and development activities for claiming tax relief. With our specialised scientific, technological and tax knowledge, we can guide you through often complex and ever-changing R&D tax regulations, We’ll ensure that you’re able to maximise your claim by accounting for every activity for which you can receive relief, while also confirming that everything is compliant and risk-free.
What are the different types of R&D Tax Credits? keyboard_arrow_down
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For accounting periods that end on or before 31 March 2024 there are two HMRC schemes for claiming R&D Tax Credits: the SME R&D scheme and R&D Expenditure Credit (RDEC).
To qualify for the SME R&D scheme, a business generally needs fewer than 500 employees and a turnover of less than €100m or €86m net assets. Large companies and certain SMEs can claim RDEC.
A new merged RDEC-like scheme for all came into effect for accounting periods starting on or after 1 April 2024. There is also extra support available for loss-making SMEs that meet a 30% R&D intensity threshold through the ERIS scheme.
As well as R&D Tax Credits, the government offers a Patent Box scheme that allows companies to reduce their corporation tax rate on qualifying patented inventions or similar IP income to 10%.
How are R&D Tax Credits changing from April 2024? keyboard_arrow_down
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For accounting periods starting on or after 1 April 2024, there is a new merged R&D tax relief scheme. This scheme will offer a standard credit rate of 20% for most companies. Loss-making SMEs heavily invested in R&D may still qualify for a slightly higher rate through ERIS. Find out more by reading our explainer: Everything you need to know about the merged R&D scheme in 2025.
How can Leyton help? keyboard_arrow_down
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– R&D Tax Credits provide an often-vital cash injection for businesses. To date, Leyton UK has helped thousands of clients successfully claim more than £1 billion in R&D tax relief.
– Our extensive industry, sector and tax expertise means we have a deep understanding of what HMRC regards as acceptable for claims.
– We match every client with highly qualified sector-specific and financial consultants to unlock the full benefit available.
– Our vast in-house resources mean that we are normally able to work with you to your deadlines.
– Our clients have access to LEYTON4ME – a way to digitise, streamline, secure and simplify your claim.
How can we compliantly maximise our R&D relief? keyboard_arrow_down
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We have stringent compliance standards and processes in place to ensure that we secure the maximum financial benefits for our clients, while minimising risk.
Our financial consultants are FCA qualified, conduct extensive financial and business due diligence, and regularly engage with HMRC. Our in-depth sector and tax experience also significantly reduces risk for our clients. Our processes are overseen by our in-house GDPR and Compliance Officer and Senior Tax Lawyer.
While our enquiry rates remain exceptionally low, we also offer free HMRC enquiry defence for our clients.
You can find out more by reading our guide: A summary of HMRC’s Guidelines for Compliance for claiming R&D relief.
What is Leyton’s process for R&D Tax Credit claims? keyboard_arrow_down
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Our clear step-by-step process will help your organisation claim R&D Tax Credits for your innovative projects:
1. Introduction
Consultancy team introduction and key claim stakeholder identification. Basic R&D eligibility assessment and delivery timeline agreed.
2. Financial Discovery
Introduction to expenditure categories, R&D project expenditure data provision, financial document provision.
3. Technical Scoping
Review and discussion of all eligible projects, selection of key project(s) for claim substantiation (case study).
4. Claim Package
Compilation of technical and financial documentation, internal quality audit and resolution of queries.
5. Submission
Final documentation sign-off, tax benefit option agreement, detailed submission guidance and additional submission support.
How are R&D Tax Credits changing from April 2024? keyboard_arrow_down
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For accounting periods starting on or after 1 April 2024 is a new merged R&D tax relief scheme. This scheme will offer a standard credit rate of 20% for most companies. Loss-making SMEs heavily invested in R&D may still qualify for a slightly higher rate through ERIS. Find out more by reading our explainer: Everything you need to know about the merged R&D scheme in 2025.
How do I know if my R&D project qualifies for tax relief? keyboard_arrow_down
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Are you developing a new process, a product or service, or perhaps improving an existing one? If so, there’s a good chance that your work may be eligible for tax relief.
You can find out more by reading our helpful article: What is an R&D project?
What R&D expenses are eligible for tax relief? keyboard_arrow_down
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Eligible businesses can claim for R&D-related expenses, such as:
– consumables
– staff costs
– externally provided R&D staff (although there are overseas restrictions)
– subcontractors
– software, data and cloud computing costs
– clinical trial volunteers
– some indirect project costs related to R&D such as admin and maintenance
As part of our service, we’ll review your innovative projects to identify all eligible R&D expenses.
